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After more than a decade, the controversy regarding the Jaguar's Lair subdivision, the developer, and the town of Sunset Beach is over.
The future of numerous developments and tracts of land in Brunswick County, including the four-course Ocean Ridge Plantation and Rivers Edge Golf Club, are in question because of a lawsuit filed by Bank of America against the properties’ owner.
Mark Saunders and his attorneys argued that Brunswick County improperly revalued hundreds of lots in his luxury home developments, making his tax bill skyrocket overnight.
In tonight's Troubleshooters report, we have an update on a story we have been covering for the better part of a year now. More than 200 individual property owners are now suing local developer Mark Saunders.
The Coastal Companies, headed by Mark Saunders, missed the deadline to install water, sewer, and roads in several developments, including Seawatch and Ocean Ridge Plantation. As a result of this, many property owners are in a bind because they can't build homes until that infrastructure is complete.
According to the Brunswick County Tax Department, luxury home developer Mark Saunders is behind on his property taxes, to the tune of $1.3 million.